CCK Consolidated retreated after failing to break above the resistance level of RM0.645. With an RSI above 50%, the uptrend momentum may resume if it crosses above the resistance level with higher trading volume. In this case, its short-term target price will be RM0.725 followed by RM0.80. Support is anticipated at RM0.57, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon rebound above RM0.645

Target: RM0.725, RM0.80 (time frame: 3-6 weeks)

Exit: RM0.57

Source: AmInvest Research - 25 Apr 2019